Dec.08 — U.S. National Economic Council Director Gary Cohn discusses tax reform, the November payrolls report and Bitcoin. He speaks with Bloomberg’s Jonathan Ferro on “Bloomberg Markets: The Open.” source

Dec.08 — Edmund Shing, global head of equity derivative strategy at BNP Paribas, discusses bitcoin and how financial institutions may deal with the cryptocurrency. He speaks with Tom Keene on “Bloomberg Surveillance.” source

Kyle Samani is the co-founder and managing partner of Multicoin Capital, a new thesis-driven crypto fund that invests with a multi-year time horizon in blockchain tokens. Basically, all token pitches include a line that goes something like this: “There is a fixed supply of tokens. As demand for the token increases, so must the price.” This logic fails to take into account the velocity problem. In this post, I’ll explain the velocity problem by providing an in-depth example. Then I’ll examine mechanisms that reduce velocity. A high-velocity example Ticket fraud…

Image: Shutterstock Earlier this year, we committed to placing 55 billion XRP in a cryptographically-secured escrow account to create certainty of XRP supply at any given time. As promised, today we completed the lockup. By securing the lion’s share of XRP in escrow, people can now mathematically verify the maximum supply that can enter the market. While Ripple has proved to be a responsible steward of XRP supply for almost five years – and has clearly demonstrated a tremendous track record of investing in and supporting the XRP ecosystem –…

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